AMENDING SECTIONS 10(c) AND 13 OF PRESIDENTIAL DECREE NO. 6-A (EDUCATIONAL DEVELOPMENT DECREE OF 1972), DATED SEPTEMBER 29, 1972, AUTHORIZING THE EXTENSION OF ACCRUALS TO THE SP…

WHEREAS, the sustained promotion of science and technology
is vital to achieving economic and social development; and

WHEREAS, the pursuit and support of scientific goals on a
national scale calls for adequate and steady funding of scientific and
technological programs, projects and activities of the Government;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of all the Armed Forces of the Philippines, and
pursuant to Proclamation No. 1081, dated September 21, 1972, and General
Order No. 1, dated September 22, 1972, do hereby decree and order into
law the following:

SECTION 1. Section 10(c) of Presidential Decree No. 6-A,
dated September 29, 1972, is hereby amended to read as follows:

“(c) Ten million pesos (P10,000,000) from the Special Science
Fund for Fiscal Year 1972-73, and ten million pesos (P10,000,000)
annually thereafter until June 30, 1982, of the total annual receipts
from the taxes provided for under Republic Act Numbered Fifty-four
Forty-eight, as provided in Section 13 hereof.”

SEC. 2. Section 13 of the same Decree is hereby amended to
read as follows:

“SEC. 13. Portion of Special Science Fund. — Any
provision of law to the contrary notwithstanding, effective upon
approval of this Decree, ten million pesos (P10,000,000) of the Special
Science Fund established under Republic Act Numbered Fifty-four Hundred
and Forty-eight, as amended, is hereby transferred to the Educational
Special Account herein provided. Starting July 1, 1973, until June 30,
1982, ten million pesos (P10,000,000) of the total annual collection
from the taxes imposed under Republic Act Numbered Fifty-four Hundred
and Forty-eight, as amended, shall accrue to the Educational Special
Account.”

SEC. 3. Except as provided in Sections 10(c) and 13 of said
Presidential Decree No. 6-A, as hereby amended, the total annual
collection from the taxes imposed under Republic Act Numbered 5448, as
amended, shall continue until June 30, 1982, to accrue to the Special
Science Fund and shall be administered and expended by the National
Science Development Board in pursuance of the objectives of said Act.

SEC. 4. This Decree shall take effect immediately.

Done in the City of Manila, this 3rd day of January, in the year
of Our Lord, nineteen hundred and seventy-four.